Shares of Chemtura Corp. (CHMT) are up .31 to 24.80 today. ?CHMT is in the middle of the 52 week range.
Today paper traded 2126 CHMT Jun 25 calls at .70. ?The ADV is 1393 contracts.? The OI is 1438 contracts.
The volume went up in 1 block.? The trader sold Jun 25 calls hitting the bid at the time.? The paper is most likely closing so the call buyer is starting to lighten up.? An order for 200 Jun 30 calls looked like closing as well but from the buy side.? UA activity highlighted the buy side on the Jun 25?s on May 15th and the trader looks closing for a double here.
30-day implied volatility is 26%.?? 10-day implied volatility is 31%.? 30 day implied volatility is trading below 10 Day Historical volatility.
Chemtura Corporation (Chemtura) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.?